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TWIN CITY FED. SAV. & LOAN ASS'N v. TRANSAMERICA INS. CO.

No. 19301.

413 F.2d 494 (1969)

TWIN CITY FEDERAL SAVINGS & LOAN ASSOCIATION, Appellant, v. TRANSAMERICA INSURANCE COMPANY, Appellee.

United States Court of Appeals Eighth Circuit.

July 25, 1969.

Attorney(s) appearing for the Case

Bernard L. Balkin, of Achtenberg, Sandler & Balkin, Kansas City, Mo., for appellant.

Robert J. Mann, of McKenzie, Williams, Merrick, Beamer & Stubbs, Kansas City, Mo., for appellee, Donald G. Stubbs, Kansas City, Mo., on the brief.

Before MATTHES, MEHAFFY and LAY, Circuit Judges.

LAY, Circuit Judge.

Twin City Federal Savings & Loan Association (hereinafter Twin City) brought action under a blanket fidelity bond against Transamerica Insurance Company for certain losses arising out of monies advanced by Twin City to the Investment Corp. of Missouri during the years of 1960 and 1961. The funds were used by Woodridge Corp., as well as others, for the construction of homes in and about the Kansas City area. Losses arose when Investment Corp...

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